Marco Cables and Conductors IPO GMP Details
Marco Cables & Conductors Limited, Incorporated in 1989, is a company engaged in the manufacturing and sale of wires, cable wires, and conductors in India.
The company’s product portfolio includes:
- LT Aerial Bunched Cables: These cables are used for overhead power distribution. They offer high safety and reliability, lower power losses, and enhanced system economy by reducing installation, maintenance, and operating costs. They are particularly suitable for installations in challenging terrains such as hilly areas, forested regions, coastal areas, etc.
- LT PVC Cables: Marco Cables & Conductors manufactures low tension (LT) PVC cables.
- AAAC Conductor: This conductor is made from an aluminum-magnesium-silicon alloy with high electrical conductivity, containing magnesium (0.6-0.9%) and silicon (0.5-0.9%). This composition provides it with improved mechanical properties after treatment.
- LT XLPE Cables: These cables are manufactured with copper (CU) or aluminum (AI) conductors with cross-linked polyethylene (XLPE) insulation. They are laid up, inner taped/extruded, and armored with galvanized mild steel wires/strips. The final outer sheath is made of high-grade PVC, all in compliance with relevant Indian Standard (IS) specifications.
- ACSR Conductors: ACSR (Aluminum Conductor Steel Reinforced) conductor consists of a solid or stranded steel core surrounded by strands of aluminum (E.C. GRADE). ACSR conductors are available in various steel compositions, containing carbon ranging from 0.5% to 0.85%. They possess high tensile strength, making them suitable for various applications, including river crossings, overhead ground wires, and installations with extra-long spans.
Marco Cables & Conductors’ manufacturing facility is situated in Nasik, Maharashtra, and as of August 07, 2023, it boasts a combined installed production capacity of 18,000 kilometers per annum.
In terms of revenue from operations, the company reported ₹5,676.79 Lacs in fiscal 2023, ₹5,641.00 Lacs in fiscal 2022, and ₹4,239.18 Lacs in fiscal 2021.
Objects of the Issue (Marco Cables & Conductors IPO Objectives)
The company intends to utilize the net proceeds from the Offer for the following purposes:
- Financing capital expenditure requirements for acquiring a Solar Power System and a 1+12 Rigid Stranding Machine.
- Meeting incremental working capital requirements.
- Addressing general corporate purposes.
Marco Cables & Conductors IPO Details
The Marco Cables & Conductors IPO is a fixed-price offering with a total value of Rs 18.73 crores. This offering consists of a fresh issue of 26.01 lakh shares, amounting to Rs 9.36 crores, and an offer for sale of 26.01 lakh shares, also totaling Rs 9.36 crores.
IPO Date | September 21, 2023 to September 25, 2023 |
Listing Date | October 4, 2023 |
Face Value | ₹10 per share |
Price | ₹36 per share |
Lot Size | 3000 Shares |
Total Issue Size | 5,202,000 shares (aggregating up to ₹18.73 Cr) |
Fresh Issue | 2,601,000 shares (aggregating up to ₹9.36 Cr) |
Offer for Sale | 2,601,000 shares of ₹10 (aggregating up to ₹9.36 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 16,098,000 |
Share holding post issue | 18,699,000 |
Market Maker portion | 288,000 shares Shreni Shares |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Marco Cables & Conductors IPO Reservation
Other Shares Offered | 50% of the net offer |
Retail Shares Offered | 50% of the net offer |
Marco Cables & Conductors IPO Lot Size
Investors can place bids for a minimum of 3000 shares and in increments of 3000 shares thereafter. The following table outlines the minimum and maximum investment limits for both retail investors and HNIs in terms of shares and the corresponding amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 3000 | ₹108,000 |
Retail (Max) | 1 | 3000 | ₹108,000 |
HNI (Min) | 2 | 6,000 | ₹216,000 |
Marco Cables & Conductors IPO Dates
Marco Cables & Conductors IPO opens on September 21, 2023, and closes on September 25, 2023.
IPO Open Date | Thursday, September 21, 2023 |
IPO Close Date | Monday, September 25, 2023 |
Basis of Allotment | Thursday, September 28, 2023 |
Initiation of Refunds | Friday, September 29, 2023 |
Credit of Shares to Demat | Tuesday, October 3, 2023 |
Listing Date | Wednesday, October 4, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2023 |
Marco Cables & Conductors Limited Financial Report
Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
---|---|---|---|
Assets | 5,658.84 | 5,954.62 | 6,993.44 |
Revenue | 4,282.91 | 5,665.31 | 5,693.72 |
Profit After Tax | 12.25 | 33.49 | 280.71 |
Net Worth | 911.25 | 944.75 | 1,560.86 |
Reserves and Surplus | 621.84 | 655.34 | 1,238.90 |
Total Borrowing | 3,522.22 | 3,665.19 | 3,757.73 |
Key Performance Indicator of Marco Cables & Conductors Ltd
KPI | Values |
---|---|
P/E (x) | 20.22 |
ROE | 22.41% |
ROCE | 16.93% |
Debt/Equity | 2.41 |
EPS (Rs) | 1.78 |
RoNW | 17.98% |
Marco Cables & Conductors IPO Promoter Holding
Mr. Sumit Sugnomal Kukreja, Mr. Sugnomal Mangandas Kukreja and Ms. Komal Sumit Kukreja are the company’s promoters.
Share Holding Pre Issue | 100.00% |
Share Holding Post Issue | 72.18% |
Marco Cables & Conductors IPO Contact Details
Marco Cables & Conductors Limited
Shop No 100, Opposite Bhai Gangaram Market,
Main Road, Ulhasnagar,
Thane – 421005,
Phone: 0251 2530332
Email: investors@hmtcable.com
Website: https://www.marcocables.com/index
Marco Cables & Conductors IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Marco Cables & Conductors IPO FAQs
What is Marco Cables & Conductors IPO?
The Marco Cables & Conductors IPO is a SME IPO comprising 5,202,000 equity shares with a face value of ₹10 each, aggregating to ₹18.73 Crores. The IPO is priced at ₹36 per share, and the minimum order quantity is 3000 Shares. It is scheduled to open on September 21, 2023, and will close on September 25, 2023. Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are intended to be listed on NSE SME.
How to apply for Marco Cables & Conductors IPO through Zerodha?
Zerodha customers can apply for the Marco Cables & Conductors IPO online using UPI as a payment gateway. To apply through Zerodha, log in to the Zerodha Console (back office), and complete the IPO application form by following these steps:
1. Visit the Zerodha website and log in to Console.
2. Go to Portfolio and click on the IPOs link.
3. Find the ‘Marco Cables & Conductors IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When does the Marco Cables & Conductors IPO open?
The Marco Cables & Conductors IPO opens on September 21, 2023, and will remain open until September 25, 2023.
What is the lot size for Marco Cables & Conductors IPO?
The Marco Cables & Conductors IPO has a lot size of 3000 Shares, and the minimum amount required to apply is ₹108,000.
How can I apply for Marco Cables & Conductors IPO?
You can apply for the Marco Cables & Conductors IPO online using either UPI or ASBA as your payment method. ASBA IPO application is available through the net banking of your bank account, while UPI IPO application is offered by brokers who do not provide banking services. For more details on how to apply, you can read further about applying for IPOs online through platforms like Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the Marco Cables & Conductors IPO allotment be finalized?
The finalization of the Basis of Allotment for the Marco Cables & Conductors IPO will occur on Thursday, September 28, 2023. Subsequently, the allotted shares will be credited to your demat account by Tuesday, October 3, 2023. To check the Marco Cables & Conductors IPO allotment status, you can refer to the relevant sources.
When is the Marco Cables & Conductors IPO listing date?
The listing date for the Marco Cables & Conductors IPO has not been announced yet. However, the tentative date for the listing is Wednesday, October 4, 2023.